If you haven't already gotten choosy when picking your portfolio's sources of income, it's time - and here are five dividend stocks to buy now to help you.
You see, many of the most popular dividend-paying stocks have become pricey amid the markets' year-to-date rallies and the insatiable hunt for yield.
For example, The Coca-Cola Company (NYSE: KO) sports a juicy yield of just under 3%, but looks expensive with a P/E of 22. And The Procter & Gamble Co. (NYSE: PG) boasts an appealing 3.12% yield, yet shares trade at a lofty 20 times earnings.
Even with the 10-year Treasury yield approaching 3%, dividend investing is still the best approach.